Common use of DISTRIBUTION OF BENEFITS TO PARTICIPANTS AND BENEFICIARIES Clause in Contracts

DISTRIBUTION OF BENEFITS TO PARTICIPANTS AND BENEFICIARIES. (a) Distributions from the Trust to a Participant or to the Beneficiary of the Participant shall be made in a lump sum in cash or, if elected by the Employer in Section 1.11, under a systematic withdrawal plan (installment(s)) upon retirement, death,

Appears in 4 contracts

Samples: Adoption Agreement (Lexington Precision Corp), Adoption Agreement (Lawter International Inc), Marine Transport Corp

AutoNDA by SimpleDocs

DISTRIBUTION OF BENEFITS TO PARTICIPANTS AND BENEFICIARIES. (a) Distributions from under the Trust Plan to a Participant or to the Beneficiary of the Participant shall be made in a lump sum in cash or, if elected by the Employer in Section 1.111.10 and specified in the Participant's deferral election, under a systematic withdrawal plan (installment(s)) not exceeding 10 years upon retirement, death,death or other termination of employment.

Appears in 1 contract

Samples: Adoption Agreement (Fair Isaac & Company Inc)

DISTRIBUTION OF BENEFITS TO PARTICIPANTS AND BENEFICIARIES. (a) Distributions from under the Trust Plan to a Participant or to the Beneficiary of the Participant shall be made in a lump sum in cash or, if elected by the Employer in Section 1.111.10 and specified in the Participant’s deferral election, under a systematic withdrawal plan (installment(s)) not exceeding 10 years upon retirement, death,death or other termination of employment.

Appears in 1 contract

Samples: Adtran Inc

DISTRIBUTION OF BENEFITS TO PARTICIPANTS AND BENEFICIARIES. (a) Distributions from the Trust to a Participant or to the Beneficiary of the Participant shall be made in a lump sum in cash or, if elected by the Employer in Section 1.11, under a systematic withdrawal plan (installment(s)) upon retirement, death,Plan

Appears in 1 contract

Samples: Acadia Pharmaceuticals Inc

AutoNDA by SimpleDocs

DISTRIBUTION OF BENEFITS TO PARTICIPANTS AND BENEFICIARIES. (a) Distributions from under the Trust Plan to a Participant or to the Beneficiary of the Participant shall be made in a lump sum in cash or, if elected by the Employer in Section 1.111.10 and specified in the Participant's deferral election, under a systematic withdrawal plan (installment(s)) installment(s))not exceeding 10 years upon retirement, death,death or other termination of employment.

Appears in 1 contract

Samples: Adoption Agreement (Fair Isaac & Company Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!